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A principal of $4200 is invested at 5.25% interest, compounded annually. How much will the investment be worth after 12 years? round the answer to the nearest dollar

A principal of $4200 is invested at 5.25% interest, compounded annually. How much will the investment be worth after 12 years? round the answer to the nearest dollar
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1 vote
A principal of $4200 is invested at 5.25% interest, compounded annually. How much will the investment be worth after 12 years? round the answer to the nearest dollar

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User Kumar Deepam
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7.4k points

2 Answers

4 votes
after 12 years the investment will be worth !$2,646
answered
User Alon Barad
by
8.1k points
3 votes
Your answer would be 6846.
answered
User Mgetz
by
7.9k points
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